Civic Intelligence

Beats 4 Hope Inc

EIN 81-5361261 • 501(c)3 • Fremont, CA

Profile

To provide a unique platform for the music community to unite for a cause. We raise funds and awareness for non-profits or a community cause in need in the arease of Arts and Humanities, to foster health, education, and solidarity in the music community.

43575 Mission Blvd 204Fremont, CA 94539

beats4hope.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.85x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

91st percentile

84%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

75%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$24,895

Up $11,371 (+84%) from 2022

Liabilities

Up

$21,075

Up $18,393 (+686%) from 2022

Net Assets

Down

$3,820

Down $7,022 (-65%) from 2022

Revenue

Up

$41,781

Up $17,966 (+75%) from 2022

Expenses

Up

$48,803

Up $31,171 (+177%) from 2022

Net Income

Down

-$7,022

Down $13,205 (-214%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2017: $20,873Liabilities 2017: $02017Assets 2018: $40,638Liabilities 2018: $0Net Assets 2018: $40,6382018Assets 2019: $41,976Liabilities 2019: $0Net Assets 2019: $41,9762019Assets 2020: $4,396Liabilities 2020: $6,191Net Assets 2020: -$1,7952020Assets 2021: $7,881Liabilities 2021: $3,222Net Assets 2021: $4,6592021Assets 2022: $13,524Liabilities 2022: $2,682Net Assets 2022: $10,8422022Assets 2023: $24,895Liabilities 2023: $21,075Net Assets 2023: $3,8202023

Highlighted filing

2023

Assets$24,895
Liabilities$21,075
Net Assets$3,820

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2017: $57,903Expenses 2017: $37,030Net Income 2017: $20,8732017Revenue 2018: $43,975Expenses 2018: $24,210Net Income 2018: $19,7652018Revenue 2019: $5,100Expenses 2019: $3,762Net Income 2019: $1,3382019Revenue 2020: $36,292Expenses 2020: $38,360Net Income 2020: -$2,0682020Revenue 2021: $58,134Expenses 2021: $51,680Net Income 2021: $6,4542021Revenue 2022: $23,815Expenses 2022: $17,632Net Income 2022: $6,1832022Revenue 2023: $41,781Expenses 2023: $48,803Net Income 2023: -$7,0222023

Highlighted filing

2023

Revenue$41,781
Expenses$48,803
Net Income-$7,022

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$60,770
Mission and Program Overview

Mission

Fundraising for charities.

To provide a unique platform for the music community to unite for a cause. We raise funds and awareness for non-profits or a community cause in need in the arease of Arts and Humanities, to foster health, education, and solidarity in the music community.

Program Services

DescriptionGrantsExpenses
Provides DJ, musicians, and artists to raise funds for a community and supports existing charites in need.$0$0
Provide a platform to sell products related to music and positivity wear. Proceeds go to the communities in need.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Monica MartinesPresidentPT$0--
Alexander MejiaTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Beats 4 Hope Inc
EIN
81-5361261
Phone
3109271454
Address
43575 Mission Blvd 204, Fremont, CA 94539

Signing Officer

Name
Monica J Martines
Title
CFO
Phone
3109271454
Signed
2024-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Poole Foster & Dul an Accountancy Corp
Address
12241 Newport Ave Ste 100, North Tustin, CA 92705
Preparer
Cynthia M Foster
Phone
7145581921
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 7 - Sales of Inventory

Income: Gross Receipts: 50,830. Returns and Allowances: 0. Less Cost of Goods Sold: 18,989. Gross Profit: 31,841. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 17,990. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 999. Inventory at End of Year: 0. Cost of Goods Sold: 18,989.

Form 990-EZ, Part I, Line 7B - Other Costs

Description: PayPal fees. Amount: 999.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: Feed homeless. Grantee Name: Feeding America. Grantee Address: 161 North Clark Street, Ste 700 Chicago, IL 60601. Grantee Relationship: 501c3. Property Description: Cash. Date of Gift: 11/21/23. Amount Given: 18,425.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: Feed homeless. Grantee Name: ACCFB Food Bank. Grantee Address: 7900 Edgewater Dr Oakland, CA 94621. Grantee Relationship: 501c3. Property Description: Cash. Date of Gift: 06/30/23. Amount Given: 2,075. Total included on Form 990-EZ, line 10: 20,500.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Memberships & subscriptions. Amount: 5,788. Description: Office supplies. Amount: 187. Description: Software and apps. Amount: 360. Description: Supplies and materials. Amount: 268. Description: Services for program purpose. Amount: 3,783. Description: Fees. Amount: 122. Description: Advertising. Amount: 4,807. Description: Travel. Amount: 1,151. Description: Various small grants. Amount: 6,396. Description: Meals. Amount: 117. Total to Form 990-EZ, line 16: 22,979.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Credit card payable. Beg. of Year Amount: 1,771. End of Year Amount: 20,745. Description: Sales tax payable. Beg. of Year Amount: 911. End of Year Amount: 330.

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Income: Gross Receipts: 50,830. Returns and Allowances: 0. Less Cost of Goods Sold: 18,989. Gross Profit: 31,841. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 17,990. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 999. Inventory at End of Year: 0. Cost of Goods Sold: 18,989.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Activity Classification: Feed homeless. Grantee Name: Feeding America. Grantee Address: 161 North Clark Street, Ste 700 Chicago, IL 60601. Grantee Relationship: 501c3. Property Description: Cash. Date of Gift: 11/21/23. Amount Given: 18,425.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Activity Classification: Feed homeless. Grantee Name: ACCFB Food Bank. Grantee Address: 7900 Edgewater Dr Oakland, CA 94621. Grantee Relationship: 501c3. Property Description: Cash. Date of Gift: 06/30/23. Amount Given: 2,075. Total included on Form 990-EZ, line 10: 20,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Memberships & subscriptions. Amount: 5,788. Description: Office supplies. Amount: 187. Description: Software and apps. Amount: 360. Description: Supplies and materials. Amount: 268. Description: Services for program purpose. Amount: 3,783. Description: Fees. Amount: 122. Description: Advertising. Amount: 4,807. Description: Travel. Amount: 1,151. Description: Various small grants. Amount: 6,396. Description: Meals. Amount: 117. Total to Form 990-EZ, line 16: 22,979.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: Credit card payable. Beg. of Year Amount: 1,771. End of Year Amount: 20,745. Description: Sales tax payable. Beg. of Year Amount: 911. End of Year Amount: 330.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 7 - Sales of Inventory
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03109271454
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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ReturnHeader/Filer/EIN0815361261
ReturnHeader/Filer/PhoneNum03109271454
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ReturnHeader/Filer/USAddress/CityNm0Fremont
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ReturnHeader/Filer/USAddress/ZIPCd094539
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952793752
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Poole Foster & Dul an Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012241 Newport Ave Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0North Tustin
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ReturnHeader/PreparerPersonGrp/PhoneNum07145581921
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cynthia M Foster
ReturnHeader/ReturnTs02024-05-14T18:51:10-05:00
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Monica
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Martines
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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